Faysal Bank to acquire RBS Pakistan for Rs 4.298 bn | world | Hindustan Times
Today in New Delhi, India
Dec 11, 2016-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Faysal Bank to acquire RBS Pakistan for Rs 4.298 bn

world Updated: Jun 16, 2010 11:39 IST

Reuters
Highlight Story

Royal Bank of Scotland said on Wednesday that Faysal Bank is to acquire 99.37 per cent of RBS Pakistan for 4.298 billion rupees ($50.37 million).

In a statement to the Karachi Stock Exchange, RBS said the transaction was subject to the approval of Pakistan's central bank and is expected to be completed in the third quarter of 2010.